Thứ Năm, 9 tháng 5, 2013

Shares open higher

THE Australian market looks set to open flat after mixed performances on world markets overnight.

At 7.17am AEST today, the June share price index futures contract was up one point at 5195.

In economic news today, the Reserve Bank of Australia is due to release its Statement on Monetary Policy.

In equities news, the High Court is expected to release its judgement in the Aristocrat Technologies Australia vs Global Gaming Supplies matter while Oil Search has its annual general meeting scheduled in Port Moresby.

In Australia, the market yesterday closed flat, held back by weakness among the major banks and expectations of a pause on interest rate cuts following the release of encouraging jobs figures.

The unemployment rate fell to 5.5 per cent in April, with the total number of people with jobs rising by 50,100, figures released by the Australian Bureau of Statistics yesterday showed.


The benchmark S&P/ASX200 index was down 1.4 points, or 0.03 per cent, at 5198.4 points, while the broader All Ordinaries index was up 2.7 points, or 0.05 per cent, to 5180.6 points.

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